Prudential has unveiled plans to build three more state-of-the art office blocks on its prestigious GreenPark site.

The company’s investment arm PRUPIM is overseeing the construction of the buildings, which will occupy the last three plots close to the M4 at 700, 800 and 900 South Oak Way.

When completed the three buildings will add a further 380,000 sq ft of flexible office space to the thriving 180-acre business park, which is now 99 per cent let.

Terraces, courtyards and projected floors have been included in the designs by architect Fletcher Priest to create a variety of functional spaces for the building occupiers.

PRUPIM’S development director Tim Davis said: “These blocks will attract some of the top businesses in the region because they will be state-of-the-art and are situated on the only site in the Thames Valley that has the ability to deliver that level of quality and size of accommodation.”

The announcement is the second major milestone at the office park this year, with work now under way to build further speculative offices at 500 and 550 South Oak Way and 450 Brook Drive.

It brings the total sq ft either under construction or in the pipeline to almost 1.5 million sq ft across seven buildings.

“With the Reading commercial letting market fundamentally sound and GreenPark continuing to enjoy sustained levels of interest from occupiers, it is important to maintain a high degree of readiness either for the next speculative or pre-let offices,” said Mr Davis.

“Medium-sized and large occupiers tend to be understandably risk averse. They especially want certainty over costs, parking levels, speed of delivery and the working environment.

“We have therefore got every remaining plot on the park ‘ready to go’, have a very strong and attractive overall offer that we can deliver new offices at least as quickly as but probably faster than anyone else.”

The new buildings form part of many developments and exciting plans for the commercial estate. In addition to the new Hilton Hotel and railway station, planning consent was recently granted for the ground-breaking GreenPark village.

And Mr Davis believes these factors, combined with the park’s exceptional location, will create significant interest in this latest project.

“This new office space will compliment the superb offering we have at GreenPark,” he said.

“It is the only site in the South East that will be able to boast its own railway station and motorway junction, improved access to London and Heathrow airport, and is based in an established labour market.”